I hope someone from Linc reads all the hot copper posts as the market has clearly sent them a message today.
The mearket clearly doesn't like continuous cash burn and wants to see either assets sold or joint ventures finalised.
If Linc does any more CR after this one the market will slaughter the SP. There is no way Linc has the funds to go it alone and develop either Alaska, UCG in Australia or Shale in SA.
What the market and me would like to see is the Admin costs reduced (which was previously promised) and some of the assets either sold or derisked via joint ventures.
I know all this is in the pipeline but its time to start delivering on some deals as there have been too many supposed deals that have not happened.
Do that and then the SP might hit $5
Anyway bought a few more shares today as the Sp is now nearer to my risked valuation of the company.
LNC Price at posting:
$2.35 Sentiment: None Disclosure: Held
